The government released the Federal Poverty Levels for 2014 this week, which are used to determine the subsidies under the Affordable Care Act. The changes are very small relative to 2013 (up 1-1.5%). If you care about the exact numbers, go to my updated post 2014 Federal Poverty Levels (FPL) For Obamacare.
I read these interesting articles and listened to these podcasts this week:
The Supreme Court Case That Could Clobber Public-Sector Unions by Garrett Epps at The Atlantic
If you are a member of a public-sector union, this could affect you.
Laurence Kotlikoff on Debt, Default, and the Federal Government’s Finances (podcast) at EconTalk
Episode 509: Will A Computer Decide Whether You Get Your Next Job? (podcast) at NPR Planet Money
A radio host took a screening test for call center employees. He failed. It shows low-paying jobs are not necessarily easy to do. If you are going to work hard anyway, you might as well get paid well.
Opening a Long-Distance CD at PenFed – A Personal Story by Ken Tumin at DepositAccounts.com
Don’t be scared by these anecdotes of troubles in opening CDs. I had everything done online in 48 hours. That included joining as a new member, transferring money by ACH, and funding the CDs.
Understanding and Managing Investment Risk – Part 2 (podcast) by Paul Merriman at Sound Investing
Part 2 of the podcast I linked to last week.
150 Portfolios Better Than Yours by Jim at White Coat Investor
150 portfolios! I still think mine is the best for me.
How Technology Is Reshaping And Commoditizing The World Of Investment Advice by Michael Kitces at Nerd’s Eye View
I sure hope this trend holds, because the most valuable part of having an advisor is the advice, not executing administrative chores. When you decouple the two, you can focus on the most valuable part — the advice.
Big CD Rate Increases at Navy Federal Credit Union by Ken Tumin at DepositAccounts.com
Great to see competition working. Too bad Navy Fed makes it difficult for the general public to join.
Get the best cell phone plan for your family—and save up to $1,000 a year at Consumer Reports
The best way to save money on cell phone service is to use less service. Duh. I spent a total of $130 on iPhone service for one entire year last year. That included calling, texting, and data. That’s way less than any of the plans listed in the article.
[Photo credit: Flickr user sarah-ji]